PYX Resources: Achieving volume and diversification milestones. Watch the video here.
Art ain’t investigating nothing! If anything he’s involved & responsible. FCA are a compete and utter waste of space. If he was he should be telling us in an interview.
Well it’s a 500% needed to reach previous low trading range now.. that’s insane.
We need some words from the board, this is not normal, or good.
Lost for words really with this share. Hard not to feel gutted. We never seem to get a break. Nothing Arts said had come to pass, huge ramps and broken promises.
What on Earth is going on here.
At this sp it’s like the assets have all exploded!?
The problem of course is not the resource but how much it costs to monetise. In the case of XEL they had plenty of already established oil, but it was heavy oil. And although the technology had improved since the 70s the ocean depth, weather and costs of FPSOs, tankers and running a rig was just too much, paired with bad management it was, sadly a failure.
Just with mining, resources mean nothing until they can be used to create profit. The journey to that point is what makes or breaks a company.
Although Art has created much doubt in his leadership and methods it does seem very clear that all that is needed to be done is being done to achieve what’s needed.
Resources proven, infrastructure improving, flaring permits agreed, ownership established.
The important thing here is understanding that production is low, because the equipment needed for extraction cannot handle the load. The issues have come from substandard engineering.
This has put the company on a thin line. Which is also why I’m against the pay rises at this stage.. but hey ho.
BUT production improving is key and it does very much seem to be going that way.
As soon as this company becomes self sustaining and producing into profit things should and will take a drastic turn for the better!
We continue to hope.
Have a great remainder of the weekend all.
It might rise 500%..
It might do anything.. if it’s just a personal point of view
I don’t see how, at 3p it could go to 1.5p
That would give a mcap of a packet of crisps.
You Sound deluded or have a very clear agenda to me. The mcap value lost on the going concern rns and subsequent dilution is not justified at 3p. Simple as that. What we have here currently is a sentiment issue. Not an asset reflection.
Clearly have no industry experience. You don’t invest the sort of sums they are on upgrades on a whim.
Absolute nonsense FF. and you know it.
The low production has to been a lot to do with high pressures.. and the infrastructure has not been able to safely handle it. We had to flare, that should tell you something on its own.. Upgrading remote systems is not easy.
We need the correct equipment in place all the way to storage. We have oil, and can pump it in commercial quantities, the issue is predominantly engineering based.
Both Cuda and Atomic not in good positions when acquired, but obviously the resources worth the effort. The problem in the interim is fixing both those companies errors.
As much as I’m fed up, you’ve got to be another level of stupid to just slam this share post over post; fastfood that includes you.
Perhaps if Tiburns posts could be a lot more balanced that would be the only info we need to read here. It’s not all just good or bad. It’s both, and it’s a process.
It’s a shame the great posts have ever been met with sp downfall. Al the fantastic research, all the genuine hopes based on company releases, interviews and facts have not materialised into value, yet. The derampers & shorters 100% right for the last few years, sadly. Just look at today, nice rise followed by a far to predictable retrace.
New investors fairy just can’t understand the journey to date, so understand the ignorance.
We have some strong corner stone investors and welcome TR1s. We’ve not been told JV a no go yet and production is rising. But the proof is only in the pudding.
And boy do we need some pudding.
So what’s going on with this amazing rise today?…
Agree stas, so much nonsense on here. Results speak for themselves.
Want to see this do well, but a bit long in the tooth to be sucked into micro hype.
Drastic changes required here & no more bl00dy dilution.
Let’s see if this JV unicorn shaped carrot shows itself. Too many games here. Simply want recovery and decent results. 5000bopd promised years ago for starters.
My counting is pathetic.
Pathetic? I think 1) the sp is pathetic 2) that sort of comment is pathetic.. 2) when you drop from 16-18p and think that. 5% rise we should all be jumping around for joy then your bar is set far to low. We need genuine, real movement. Single digit rises at this stage, just doesn’t yet signify change. If it happens daily then great! Stop being a plonker cry baby and get real.
Let’s get back to the pre going concern for starters. At least..
We need to be making 50%+ to start getting exciting. Any small rises much to small in comparison to daily drops so far.
Even 100% wouldn’t see us recover recent losses. We a prolonged and significant daily moves upward.
Will need a bag or two just to recover recent losses. We shouldn’t be suspended on a JV. We should be allowed to recover. Unless the JV means the business changes fundamentally I can’t see a suspension being likely.
However, that’s not to say it’ll be NT for a while on very good news. And boy do we need some good news after all the bashing we’ve been having.
12p august would be a welcome step in the right direction.
Suspension when a company changes the fundamental nature of the business. I doubt we would be suspended if we ever get this so called JV. If it’s good we should be alowed to rise as drastically as we have dropped!
2500bopd By year end would be a pi55 poor achievement.
100% big bear. Any company that increases wages is one of the major red flags for me. Sadly I’m heavily invested so it’s not something I can action.
Personally and with respected peers running business, you inject cash, or work for absolute minimum when times are tight or growing the business.
Rewarding yourself for failure is the sign of greed, cowardice lack of morals & a strong sign of bad leadership.
A Very concerning element to this story.
Ugh this share.. what an absolute massive disappointment.
Lies lies lies lies.
4p… ffs.